Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,227 shares of the Internet television network’s stock after acquiring an additional 766 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Netflix were worth $6,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Precision Wealth Strategies LLC increased its holdings in Netflix by 3.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after purchasing an additional 83 shares during the last quarter. Gilbert & Cook Inc. increased its stake in shares of Netflix by 5.9% in the fourth quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after buying an additional 121 shares during the last quarter. Aveo Capital Partners LLC raised its holdings in Netflix by 6.9% in the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after acquiring an additional 43 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in Netflix by 20.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock valued at $1,933,000 after acquiring an additional 674 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Netflix during the 4th quarter worth $370,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.5 %

Netflix stock opened at $701.03 on Friday. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $715.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The firm has a 50 day simple moving average of $663.00 and a 200-day simple moving average of $640.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $3.29 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. In the last three months, insiders sold 197,226 shares of company stock valued at $129,858,692. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NFLX. The Goldman Sachs Group upped their target price on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Loop Capital increased their target price on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Argus boosted their price target on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. UBS Group raised their price objective on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.